Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Sees Significant Growth in Short Interest

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 27,708 shares, an increase of 987.0% from the December 31st total of 2,549 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 44,980 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 44,980 shares, the short-interest ratio is presently 0.6 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in MAXI. Mid American Wealth Advisory Group Inc. boosted its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 32.5% during the 4th quarter. Mid American Wealth Advisory Group Inc. now owns 17,693 shares of the company’s stock worth $253,000 after buying an additional 4,341 shares in the last quarter. Cambridge Advisors Inc. grew its position in Simplify Bitcoin Strategy PLUS Income ETF by 46.4% in the 4th quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock worth $449,000 after purchasing an additional 9,948 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the third quarter valued at approximately $810,000. Osaic Holdings Inc. bought a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at $57,000. Finally, Orion Porfolio Solutions LLC bought a new position in Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at about $287,000.

Simplify Bitcoin Strategy PLUS Income ETF Trading Up 1.4%

Shares of NASDAQ MAXI traded up $0.20 during mid-day trading on Tuesday, hitting $14.65. 31,066 shares of the stock traded hands, compared to its average volume of 49,304. Simplify Bitcoin Strategy PLUS Income ETF has a twelve month low of $13.82 and a twelve month high of $36.34. The firm has a 50 day simple moving average of $15.53 and a two-hundred day simple moving average of $23.89.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 27th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, January 27th. This represents a c) annualized dividend and a dividend yield of 8.2%.

About Simplify Bitcoin Strategy PLUS Income ETF

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund is actively managed, aiming to provide capital appreciation and income. The fund holds long Bitcoin futures, short-term debt instruments, and near-term equity index put or call spreads MAXI was launched on Sep 29, 2022 and is managed by Simplify.